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Springfield Township seeks TIF support for three housing projects to spur 'housing rotation'
Summary
Springfield Township officials told Hamilton County commissioners they want tax-increment financing for three developments'Lakeridge Park, Whitaker condos and Lakeside Park'to offset infrastructure costs, add empty-nester and varied housing, and fund limited public amenities; commissioners registered no formal objection.
Springfield Township officials asked Hamilton County commissioners on Jan. 20 for nonobjection to three proposed tax-increment financing (TIF) districts that they say are necessary to make three housing developments economically feasible and to diversify the township's housing stock.
Chris Gilbert, Springfield Township administrator, said the projects would add housing types the township lacks'notably empty-nester and low-maintenance units'that could free up starter homes and attract new families. He identified three proposals: Lakeridge Park (about 145 homes, a mix of detached and townhomes), a 60-unit owner-occupied condominium community on the former Whitaker Elementary School site intended in part to help Finneytown Schools with capital…
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